Robinhood, known for commission-free stock trading, Bitcoin 
$67,355 and Ethereum 
$2,621 announced that it will offer futures trading. Along with this innovation, the company also launched its new trading platform called “Legend” for desktop users. Additionally, futures and index options have been added to the mobile application for active investors. These moves stand out as part of the company’s goal of strengthening its presence in the cryptocurrency market.
Trading Becomes Easier with Desktop Platform and Mobile Application
Robinhood announced the “Legend” platform for desktop users to further expand the trading experience. This new platform allows users to open eight different charts at the same time. It also offers more technical indicators, allowing users to analyze their trading strategies more thoroughly. This move by Robinhood is considered an important step taken to meet the expectations of investors in competitive market conditions.
The company, which also attracted attention with the new features it added to its mobile application, made the application more functional by adding futures and index options for active investors. In addition to making commission-free transactions, users will be able to carry out their transactions without being subject to Minimum Dwelling Time (PDT) rules.
Shares of Robinhood closed at $26.93, up 0.49% as part of the HOOD Summit. After the market close, the shares rose another 2.49% and a strong opening is expected on the new day. These developments helped the company create a positive atmosphere among investors.
What to Expect in the Future?
Robinhood’s financial growth potential continues to increase with new products and services. Private wealth management company Bernstein expects the company to generate revenue of $900 million this year, while its market value will be between $19 billion and $23 billion. It is estimated that Robinhood’s revenues will reach $3.4 billion in 2024. These new moves of the company aim to accelerate its growth by attracting more investors in financial markets.
Robinhood continues to attract the attention of users with the innovative products it adopts, especially in the cryptocurrency markets. These new services offered by the company will allow investors to better manage their financial future.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
